OVERVIEW => Y/day Yellen confirmed that her view was a 2015 hike with a more hawkish tone than the one at the FOMC: this should keep the EUR down. We run light risk with our main bias on short AUD and CAD; we also like lower EUR and higher USDJPY. Today we have U. of Mich. Sentiment, US GDP, BoE’s FPC statement and Fed’s speakers Bullard and George
{AU} AUDUSD Lower => We like the pair lower. Key levels for the session: AUD resistance at 0.7075 and 0.7160 while support stays at 0.6982 and 0.6892.
{CA} USDCAD Higher => We favour buying the pair on dips. Key levels: Resistance at 1.3417/67 with support at 1.3220 ahead of 1.3160/55.
{EU} EURUSD Lower => Yellen’s testimony should keep the Euro heavy. First patch of support here at 1.1126 and 1.1146 (55 and 100dma) followed by Sept’s low at 1.1087 and 1.10. Any bounce up towards 1.1190 will be sold into.
{JN} USDJPY Higher => Key levels for the session: on the downside 119.70/80 and then 118.90/119.05 while 121.00/30 is still the resistance above on the run to 121.70/80.
{GB} GBPUSD Neutral => Levels: 1.5165 support in Cable with 1.5330 above. EURGBP 0.7320 – 0.7411/25.
{NZ} NZDUSD Neutral => Kiwi resistance stays at 0.6458 with support at 0.6244 and 0.6200.
{SZ} USDCHF Neutral => Key technical levels for the session: support at 0.9710 and 0.9680 while resistance stays at 0.9822
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